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July 15, 2021
Question

Do I have to report form 5498 if my earnings are over $10?

  • July 15, 2021
  • 1 reply
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1 reply

DoninGA
Employee
July 15, 2021

A Form 5498 is an informational form only and is not reported on tax return.

If you had a distribution from a retirement account you would receive a Form 1099-R and that would be reported on your tax return.